certainly it is. But I would not recommend to spend a major portion of your earning in to bitcoin, but you can decide around 10-15% of your monthly earning to be converted in to bitcoin.
Take it as an alternate investment option and just hold on to your stored bitcoin for long term like 5-7 years and you won't regret.
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We can trust that bitcoin can change the way of life for us. Bitcoin has the potential to grow huge in coming 5-7 years. So try to save more and more bitcoin and your hard work will pay off one day for sure.
I am planning to buy a superbike of Ducati in future and I truly believe that bitcoin will surely help me to achieve that.
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what is 24 bitcoin satellite? I never heard of it. Can you please provide more details on it?
Facebook lost its satellite and that is a sad thing for the expansion of internet technology. But bitcoin satellite seems a bit absurd. Can you please tell us more about it? Was any company related to bitcoin tried to launch it?
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Coinbase is a good website according to me. I never had any problem with them and got the fund smoothly everytime.
However, if you wish to use altcoins to buy bitcoin then you can use any exchange website like c-cex or yobit..The fees are standard every where.
Otherwise, you may try localbitcoin to find a trader suitable for you and near your locality. You do exchange it online as well as physically by meeting the trader.
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What I like the best in bitcoin is the potential of high growth. Bitcoin has the potential to grow to any amount in future. Not within a short term, but surely withing a long term like 5-7 years from now.
That is the most interesting part of bitcoin and that is the only reason I love bitcoin. At least bitcoin has the power to make some of my dreams come true.
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True that is, but let me add that bitcoin affects life in a positive way, at least for me. Bitcoin helped me save a lot of money in a short period of time. It helped me to pay off me credit card balance. The next step is that I will pay off a personal loan I am paying now.
So that is positive for sure and not negative. I have never indulged in to drugs or alcohol so I don't what will be the implication for an alcoholic man if he owns a lot of bitcoin.
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If government says that bitcoin is illegal, then it will be a problem to use it. Even if it has a huge potential to grow in price but I don't want to do any illegal things.
So, if the government declares bitcoin as illegal, I will probably sell off my holdings at current rate and enjoy with that money and nothing else.
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The only thing that hooked me to bitcoin is the potential. Bitcoin has the potential to go up to $5k in future and that is the reason why I am just storing my earning and not spending it.
I believe that being a pioneer in crypto currency industry, bitcoin can go up to that level and I it will help me to make few of my dreams come true. Waiting for that day!
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NO and never. because salary is a very very very important thing in my life and I don't want to experiment with it. Also bitcoin is not accepted by the local traders, so anyways, I will have to transfer it to fiat money to be able to spend it. SO exchange rate will be applied on my salary.
Also the bitcoin price is dynamic, I will be in losses, if the bitcoin price goes down after I receive my salary. So salary in bitcoin is a big NO NO!
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Teenagers will not be a problem, they will be able to adopt the concept of bitcoin very easily as they are way more advanced in technical things.
However, childrens will be a problem. They will not be able to grasp the idea of generating money from computer very easily. So the technological background should be given to them before you start explaining bitcoin to them.
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The best thing in bitcoin is the potential to go huge. Being a pioneer in crypto currency market, bitcoin has the possibility to go up to $2k or $5k regimen.
That is the only reason why I am so much attracted to bitcoin. I am accumulating bitcoin every day and storing it for a better price in future. I think most of the investors are thinking that only.
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As far as I know, there is no official bitcoin logo. So you are free to create yours or choose anything available in the market. There is no central authority to control the bitcoin hence there is no central server or central anything.
You are free to create any logo you want. However, would love to see your creation here.
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Bitcoin can't help the poor countries in any way because it is not the magic lantern of Aladin. If the country is tech savy even after being poor then the people can help themselves by earning some bitcoin for themselves. Nothing else will help.
Government of the poor countries doesn't have the infrastructure to adopt bitcoin as a currency, neither they have willingness.
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First thing you can give that 3 BTC to me and I will have some good time. Jokes apart!
The best thing to get a good amount of money back is trading and it is also the most recommended way to increase your holdings. Any other way will just won't work. Specially avoid gambling and ponzi sites as you may end up loosing all.
You may get some emails offering trading service where tey will ask you to deposit your money to them and they will refund you an unrealistic amount of money. Avoid those traps and trade on your own.
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The two options you have given here, are dependent on each other. Mass adoption is required to increase the price of bitcoin. On the other hand, if the price is increased to a very high level, people will start adopting bitcoin for investment and increase the market penetration.
So, both the things will be required for better future of bitcoin. Price increase is the ultimate goal for some and to happen that in real, mass adoption is required.
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That is a very tough thing to do unless you have some special qualities. If you know how to code, then you may try for it. There are lots of websites to provide jobs to freelancers. You can bid for a project and earn bitcoin through that.
Also if you are a seasoned trader, then also you can make some good amount of profits which will help you to earn your living expenses. Otherwise, it is not a viable plan. Instead get a day job.
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People use bitcoin because they believe in the power of bitcoin. They believe that bitcoin has the power to change their lives. They believe that bitcoin price will go up so high, that they can use bitcoin to make few of their dreams come true.
We agree that bitcoin has the transaction fees, TAT for transaction is also slow, but the potential for the price to go up is huge. So people is taking it as an alternative investment route which may make them rich in near future.
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If you are the government then surely you can mint whatever you want, but if you are an individual like me, then no, you can't.
In small scale definitely you can and sell that physical bitcoin to anyone as a memento, but it is impossible on large scale. All the enforcement agencies will be behind your ass.
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I use bitcoin purely as an investment and not as a currency. I mean I will not buy my daily supply using bitcoin.
Bitcoin has the potential to go up to any level in future and that's why I want to earn more bitcoin and save it so that I can make few of my dreams come true. If you are using bitcoin to buy daily supply and mobile recharge then you are simply wasting a lifetime opportunity to become rich.
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I also want that to happen but I think it is not possible anytime soon or even after 10 years. For bitcoin price to become 50k USD, the markep cap needs to be few trillions and I don't see that much investment is coming in.
So if you expect 2k or 3k, that is still possible but 50k looks like a distant dream.
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